AI Infrastructure

Cango Posts $81.6M Q2 Loss, Pivots to AI Compute Amid Mining Slump

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Cango Posts $81.6M Q2 Loss, Pivots to AI Compute Amid Mining Slump

Dallas – September 04, 2026 -- Cango Inc. (NYSE: CANG) reported a net loss of US$81.6 million for the second quarter of 2026, driven primarily by non-cash impairment and disposal charges on its Bitcoin mining fleet, as the company accelerates a pivot toward AI compute infrastructure.

Revenue halves as company right-sizes mining fleet

Total revenue fell approximately 50% sequentially to US$50.8 million, with US$47.4 million derived from Bitcoin mining and US$3.4 million from other sources. The decline stemmed from Cango's decision to phase out older S19-series mining machines and shift some capacity to a hosted leasing model, a move management said improved operating costs and cash flow despite the top-line hit.

AMD, Cisco, HUMAIN Go Live with AI Compute in Saudi Arabia

Riyadh – September 03, 2026 -- AMD Instinct MI355X GPU-based AI infrastructure, networked on Cisco Silicon One technology, is now live in Saudi Arabia and serving HUMAIN customers in the Kingdom and beyond.

Production system pairs AMD Instinct GPUs with Cisco's AI-optimized network fabric

The deployment combines AMD Instinct MI355X GPUs and AMD EPYC CPUs with Cisco's N9000 Series platform, built on Cisco Silicon One and 800G optics. The fabric is designed for scale, low latency and operational resilience, allowing HUMAIN to offer GPU-as-a-service for both model training and inferencing.

Companies plan up to 250 MW of new capacity starting in 2027

AMD, Cisco and HUMAIN plan to add up to 250 MW of AI infrastructure powered by AMD Instinct MI400 Series GPUs, AMD EPYC CPUs and AMD ROCm open software, alongside Cisco networking. Deployment is scheduled to begin in 2027, with capacity coming online in the second half of that year.

Corvex to Boost AI Data Center Capacity 5x on $33M Raise

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Corvex to Boost AI Data Center Capacity 5x on $33M Raise

ARLINGTON, VA. -- September 01, 2026 -- Corvex, Inc. (Nasdaq: MOVE) said it will lift critical IT power capacity fivefold, from roughly 1.5 megawatts to approximately 8 megawatts by year-end 2026, backed by a $33 million private placement led by Goldman Sachs & Co. LLC, Morgan Stanley and Oppenheimer & Co. The Arlington, Virginia-based AI infrastructure provider is doubling its existing Mid-Atlantic data center and standing up a second facility in the Midwest, with both sites expected ready for service in the fourth quarter of 2026. A right of first refusal on 12.5 additional megawatts at the Midwest site could push total capacity past 20 megawatts, a 13-fold jump from current levels.

CollPlant to Acquire LightSolver, Entering Photonic Computing Market

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CollPlant to Acquire LightSolver, Entering Photonic Computing Market

REHOVOT, Israel -- September 01, 2026 -- CollPlant Biotechnologies Ltd. (Nasdaq: CLGN) has signed a definitive agreement to acquire LightSolver Ltd., an Israeli developer of laser-based computing hardware, in a deal expected to close this week. The transaction moves CollPlant, a regenerative-medicine company known for recombinant collagen products, into supercomputing and photonic computing. LightSolver's technology has already been tested by Boeing, a top-tier global financial institution and unnamed defense, energy and engineering-software companies.

Data Dynamics Debuts Enterprise 2.0.5 at LEAP 2026 for AI Data Governance

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Data Dynamics Debuts Enterprise 2.0.5 at LEAP 2026 for AI Data Governance

RIYADH, Saudi Arabia -- August 31, 2026 -- Data Dynamics announced general availability of Enterprise 2.0.5 at LEAP 2026 in Riyadh. The company said 60% of AI projects stall due to data curation and AI-readiness gaps, prompting the release of a platform that enforces governance directly at the data layer. Enterprise 2.0.5 targets models pointed at unmapped data, agents with standing access to content, and compliance teams left proving control after incidents occur. The software is available now across cloud, on-premises, sovereign and air-gapped deployments.

LONGWELL EC FanWall Cuts CRAH Fan Energy 38% for AI Data Centers

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LONGWELL EC FanWall Cuts CRAH Fan Energy 38% for AI Data Centers

NINGBO, China -- September 01, 2026 -- Ningbo Longwell Electric Technology Co., Ltd. (LONGWELL) said its LWBE3G plug-fan platform cut CRAH fan energy consumption by 38% in a data center cooling deployment completed with a top-3 global precision cooling OEM. The Chinese EC fan and motor manufacturer released its AI-Era Data Center Cooling Pack on Aug. 31, 2026. LONGWELL delivered 12 engineering samples in 35 days and moved from specification lock to mass production in 90 days, compared with a 14-month development period plus a six-month ramp quoted by an incumbent European supplier for the same program.

SuperX Lands 128-Unit B300 Server Order From Australia's Ezisight

SHERIDAN, WYOMING -- August 28, 2026 -- SuperX AI Technology Limited (NASDAQ: SUPX) said its subsidiary SuperX Microinference Pte Ltd signed a long-term equipment and services supply agreement with Australian compute provider Ezisight Australia Pty Ltd., trading as Ultimate AI Datacentre, and received an initial purchase order for 128 units of B300 AI server clusters. The Singapore-based company will deliver the servers in the fourth quarter of 2026 for deployment in Ezisight's Australian data centers. The order marks SuperX's first commercial entry into the Australian market.

Ezisight Deploys Servers For Local AI Training And Inference

Ezisight will install the 128 B300 units to expand its domestic GPU compute pool, supporting local large-model training and inference workloads. SuperX Microinference will handle supply chain coordination and delivery under the agreement.

SuperX did not disclose the order's dollar value.